National Employment Law Project (NELP) is a Soros organization.
Hey, but that's an annual $8.43, right? You could buy a pack of cigarettes or a six-pack.
There’s kind of a point with these stratospheric CEOs, which are generally not seen in Europe. They might make 10 times the grunt salary, but not 1000 times.
But there aren’t a lot of them either, so the expenditure is not that much in the general scheme of things.
Liberals also think that big companies such as Wal-Mart don’t pay their “fair share” of income tax and other taxes.
I have worked in the business end of various businesses. I can tell anyone, if they want to listen to facts, that businesses are assessed numerous taxes as the cost of doing business.
There are, to name a few :
income taxes, to both the federal and state governments.
sales taxes
property taxes
unemployment taxes
social security taxes
various excise taxes, depending on the line of business
city or local business license taxes
state business license taxes
And, what liberals don’t address, is that major companies such as Wal-Mart are regularly audited by the IRS and other government entities. Which means that they certainly run their businesses to ensure compliance with all federal, state, and local tax laws. And to ensure that they pay all required taxes.
None of this is enough to suit liberals, I understand. I just wish there were less demagogue preaching from the left when they don’t know what the heck they are talking about.
If leftists had ever run a business, or tried to run a business, I think they would have some different ideas than they preach to the rest of us.
Our local Wal-Mart has a table set up inside offering jobs that start at $12.00 per hour.
it’s not just the wages, but the social costs of employment (company share of mandated cost per employee plus any company=provided benefits) that make this impractical.
If I had to choose I’d prefer Walmart pay their employees more instead of my taxes going to their welfare, which seems to be the case.
$15 minimum wage affects far more than just McDonalds and Wal Mart. Thousands of small shops, factories, businesses and stores pay their employees between 8-$14.99 an hour.
There are probably entire towns where no one earns $15 an hour.
This will devastate our economy.
Prices will go up, then so will EBT card funding demands.
It’s not even math, it’s simple arithmetic.
Sure they can, along with a raise in prices, those same employees will pay for the goods there selling and buying , plus paying higher taxes, leaving those same employees standard of living no better off. And by the way it’s going to 15$ an hour nationally, just a matter of time. When GOV.co can orchestrate it while saying inflation is at 2%.
A successful business hopes to make 17 cents on the dollar, more are like around 11 cents. Labor is the biggest expense.
I’M a value shopper and go to several stores each week for the best price. I only purchase BOGOs at Publix, I buy boneless, skinless, low sodium chicken breasts at Winn Dixie because of their new low price of $2.50/lb. I love Aldi for many reasons, and there are certain items I always buy at Walmart where they cost least. In the past few weeks I’ve noticed that almost all of my Walmart items have risen in price, and not just a little. What was 2.38 is now 2.98, for example. I’m sure salary increase has everything to do with it.
Outstanding headline. LOL. Math, America’s lost art.
It is really very simple. Workers through their labor must produce enough revenue to pay their wage plus the other fixed and variable costs of operation. Consider that a worker at Wal- Mart with a $15 per hour wage must on average generate at least $15 of revenue just to pay their wage. Realistically most Wal -Mart workers aren’t that productive. Since labor and capital are interchangeable higher wages simply mean that it becomes more efficient to automate than pay higher wages. Watch for check out lines at Wal-Mart for an increasing number of self check out and fewer cashiers
Two generations ago retail used to be a stepping stone. A first rung on the job ladder for young people, or supplemental income for housewives.
Today it’s just about the only job out there for unskilled labor. The factories that would have provided the next rung are gone, shipped overseas.
Hence people trapped in these jobs are doing the only thing that makes sense for their lives. Turning to labor activism for better pay and benefits.
You dance to that tune Walmart, sooner or later you have to pay the Globalization Piper.
Liberals do seem to have a struggle with basic financial math. Or belief in the money tree. They play this revenue game with “Big Oil” as well. Funny they never turn their focus to the outrageous revenues of say Apple, or the tech industry.
From what I’ve experienced at WalMart’s, they could hire half as many employees who are twice as efficient at $15 an hour and save money. They’d have to learn to say “you’re fired” to achieve that.
Wal-Mart also pays its hourly employees a bonus every quarter. I don’t know if it is only for permanent employees who work so many hours per week. My son works at one of the busiest Wal-Marts in Maine-in the summer one of the busiest in New England if not the country. From about Memorial Day
to the middle of September he is being paid $12.00. Also his bonus is about $400 a quarter.
liberals think profits belong to the workers
profits belong to the owners, the stockholders.
any worker spouting complaints about high profits should be fired on the spot